According to reports from Jin Shi Data, Trade Nation analyst David Morrison stated that the U.S. stock market has recently rebounded but has failed to reflect the severe damage that tariffs have inflicted on global trade. The stock market's rebound is buoyed by expectations of interest rate cuts and strong earnings reports from Meta and Microsoft.
Traders are focused on President Trump's reconciliation expectations regarding tariffs and the possibility of the Federal Reserve cutting interest rates when signs of economic pain emerge.